A Banking Consultant Who Provides Complementary Tools For The Success Of The Dollar Exchange Rate Decision

by **claud39** Fri Jan 08, 2021 10:36 am

Jan 8, 2021

Al-Mustaqila .. The consultant of Islamic banks, Bashar Qaddouri, provided tools that could work for the success of the Central Bank’s decision to raise the dollar’s exchange rate against the Iraqi dinar.

[rtl]Kaddouri said in a statement to (Al-Mustaqilla) that these tools relate to the work of a number of relevant ministries, which must do their work in coordination with the Central Bank.[/rtl]

[rtl]He pointed out that the first tool concerns the Ministry of Industry with the Central Bank, and is related to activating the role of medium and strategic factories to support the local product by exploiting the opportunities presented by the Central Bank to support industrial projects.[/rtl]

[rtl]As for the second tool, it concerns the ministries of trade and agriculture, and it relates to determining the goods entering the Iraqi market to block the way to flooding the market with imported goods.[/rtl]

[rtl]He indicated that this could be done by classifying and dividing the goods and imposing taxes commensurate with the situation of the goods to reduce the size of the importer, while specifying the necessary goods and exempting them from taxes in addition to the exemption of complementary materials that enter the local industry. In addition, the description of entertainment and consumer goods and the imposition of taxes on them.[/rtl]

[rtl]Kaddouri explained that the third tool belongs to the Ministry of Planning, which has to coordinate between the imported goods and local goods and determine the percentage of exemptions, as well as prevent unnecessary goods from importing with the availability of a local alternative, and according to the market need. Specifications of the imported product.[/rtl]

[rtl]https://mustaqila.com/%D8%A7%D8%B3%D8%AA%D8%B4%D8%A7%D8%B1%D9%8A-%D9%85%D8%B5%D8%B1%D9%81%D9%8A-%D9%8A%D9%82%D8%AF%D9%85-%D8%A7%D8%AF%D9%88%D8%A7%D8%AA-%D8%AA%D9%83%D9%85%D9%8A%D9%84%D9%8A%D8%A9-%D9%84%D8%A5%D9%86%D8%AC/
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